May 3, 2011
in Federal Reserve, US Treasury, USD, currencies, exchange rates, forex, inflation, international economy, market reports, market trends, sovereign debt, technical analysis, world reserve currency
The US Dollar has sunk to 2.5 year lows. This is a significant time frame, as currently, Brent oil futures are also at 2.5 year highs. Outdoing both of these, gold is at all-time nominal highs, having closed April 2011 at $1563/oz.
Bernanke keeps saying that a strong dollar is in the U.S.’ best interests, and [...]
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May 2, 2011
in May, Middle East, Obama, Obama Effect, USD, commodities, currencies, gold, international stock market, market reports, news and updates, oil, special dates
With news that Osama Bin Laden had been shot and killed by US forces on Sunday evening (between May 1 and May 2 in Pakistan), oil prices dropped and seemed to take other commodities down with it. More than three hours after the initial announcement on CNN, all commodities have sold off and analysts are [...]
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January 25, 2011
in Asia, BRIC, RMB, currencies, forecasts, foreign investment, forex, international economy, risk, world order
Lots of trash-talking the “China thesis” lately. People (Americans) want to think that the U.S. is the only place that “real” innovation can happen, or at least that the U.S. is the only place that has and protects the “right kinds” of freedoms that will allow the “right kinds” of innovation to happen.
Sorry, but I [...]
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January 24, 2011 · 2 comments
in Asia, BRIC, China, RMB, USD, banks, currencies, diversification, financial planning, foreign investment, hedging, inflation, investing, living in US, market trends, money management, risk, savings, wealth protection, wealth transfer
Readers have recently been asking where you can open a Chinese Yuan savings account. As I wrote in a previous post, Chinese Yuan savings accounts for Americans are available at the Bank of China (only in New York and Los Angeles so far).
In that previous post, I outlined the basic steps you need to know [...]
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January 18, 2011 · 8 comments
in FOMC, Federal Reserve, Niall Ferguson, QE, US Treasury, US debt, US economy, USD, bubble, capitalism, collapse, currencies, debt, deficits, emergencies, forecasts, future, indicators, inflation, infrastructure, risk, sovereign debt, spending, theories, world order, world reserve currency
So, like many people, maybe you’re sick of the so-called “doom and gloom” crowd – that’s too bad. Because reality doesn’t depend on fashion and it isn’t going to wait for you to agree with it before basic cause and effect takes hold and serves you up a dish you don’t like.
Niall Ferguson is different [...]
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December 26, 2010 · 2 comments
in 2011, US debt, bubble, bull market, coins, commodities, currencies, forecasts, gold, precious metals, silver
2010 was one of the best years on record for gold and silver – and predictions for gold and silver performance in 2011 are shaping up to be as varied and dynamic as they were back at the end of 2009, when everyone was calling for the gold bubble to burst.
Three Things That Would Kill the [...]
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November 10, 2010 · 3 comments
in Asia, BRIC, China, G20, RMB, USD, World Bank, central banks, currencies, exchange rates, foreign investment, forex, international economy, international stock market, market reports, market trends, money, news and updates, sovereign debt, terminology, world order
You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound. Not only is the renminbi note red, but it’s got a picture of Mao on the [...]
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